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A project requires an initial cash outlay of $25,000. The estimated returns are $7,000 per year for 18 years. Calculate the Internal Rate of

A project requires an initial cash outlay of $25,000. The estimated returns are $7,000 per year for 18 years. Calculate the Internal Rate of Return (IRR) using the IRR function on your calculator. Provide a percentage. (Round your final answer to two decimals).

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